Piaggio announced a net profit of 46.3 million euros (US$63.3 million) over the first nine months of 2011. That represents a slight dip from the 46.7 million euros (US$63.8 million) over the same period of 2010, but still respectable numbers in the face of a shrinking market for motorcycles in Europe.

The decrease in profit comes despite a 2.0% increase in net sales, with Piaggio taking in 1.20 billion euros (US$1.64 billion) over the first three quarters. Piaggio also cited restructuring expenses and exchange rate effects as reasons for the 0.8% decrease in profit.

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Polaris Industries reported a 99% increase in on-road vehicle (i.e. Victory Motorcycles) sales, and a 90% increase in overall net income over the second quarter of 2011.

For the quarter ended June 20, 2011, Polaris reported $30.9 million in product sales from its on-road division which consists primarily of Victory Motorcycles. That is nearly double the $15.5 million reported in the same quarter of 2010.

Victory’s North American unit sales were up 40% over the second quarter, while the rest of the heavyweight cruiser and touring industry saw only a single-digit increase in U.S. sales. Sales outside of North America increased by 34%.

Overall, Polaris reported all-time record second quarters in both sales ($607.9 million) and net income ($48.7 million).

[Source: Polaris]

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Polaris Reports Q1 2011 Results

Harley-Davidson reported a net income of $190.6 million over the second quarter of 2011, thanks to the first year-on-year quarterly improvement in the U.S. market in nearly five years.

For the three months ended June 26, 2011, Harley-Davidson’s operating income totaled $301.9 million, a 38.0% increase from the $218.8 million reported in the same period of 2010. The increase can be attributed to an 18.0% increase in motorcycle sales revenue and a decrease in expenses from Harley-Davidson Financial Services.

Worldwide retail sales of Harley-Davidson motorcycles totaled 83,396 units, a 5.6% increase from the second quarter of 2010. U.S. sales totaled 53,599 units, a 7.5% increase from the 49,841 units sold in 2010. This represents Harley-Davidson’s first year-over-year quarterly increase in the U.S. since the fourth quarter of 2006.

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